Buy a Business with Your Tax Bill

Adam Whelchel paid himself instead of the IRS, putting $35k down on an escape room doing $365k with room to grow.

Register for the webinar:

• The Deal I Almost Bought (And Why I Passed) - TODAY!! - https://bit.ly/4hVeKik

Topics in Adam’s interview:

• Built a $1.5M accounting firm
• Business brokerage opened the acquisition door
• Wanted a business his daughter could appreciate
• An escape room caught his attention
• Fixed costs created massive operating leverage
• Bought the business for roughly $220K
• Put about $35K into the deal
• Business acquisition as a tax strategy
• Re-engaged customers and local businesses
• Plans to double capacity to 20%

References and how to contact Adam:

• LinkedIn
• Axis Accounting & Tax
• Jeff Homer on Acquiring Minds: 1 Music School to $100m in Revenue
• Adam’s slides

Work with an SBA loan team focused exclusively on helping entrepreneurs buy businesses:

• Pioneer Capital Advisory

Get a complimentary IT audit for acquisition diligence or post-close transition.

• Visit inzotechnologies.com/eta.

Contact Jenny to learn how Engage can run people operations in your acquisition:

• Jenny Thear: [email protected]

Connect with Acquiring Minds:

• See past + future interviews on the YouTube channel
• Connect with host Will Smith on LinkedIn
• Follow Will on Twitter

Edited by Anton Rohozov and produced by Pam Cameron